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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Kolbe, A. Lawrence; Tye, William B.; Myers, Stewart C.
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Description for Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries
Paperback. Series: Topics in Regulatory Economics and Policy. Num Pages: 345 pages, biography. BIC Classification: KCD; KFF; RNF. Category: (G) General (US: Trade). Dimension: 235 x 155 x 19. Weight in Grams: 557.
It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of ... Read more
It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
345
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
345
Place of Publication
New York, NY, United States
ISBN
9781461364214
SKU
V9781461364214
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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